40
$1,049,900 Sale
Listed 58 days ago
61 Main Street S
· 4+3
· 4
· 8
· 1100-1500
Key Facts
Key facts for 61 Main Street S
Property Type
Apartment, Bungalow-Raised
Parking
Detached 1 garage, 8 parking
MLS #
N12327088
Size
1100-1500 sqft
Basement
Finished with Walk-Out,Apartment
Listed on
2025-08-06
Lot size
55 x 110.43
Tax
$5,236 /yr
Days on Market
58
Approximate Age
-
Maintenance Fee
-
Description
Investment Opportunity in Uxbridge: Fully Renovated Fourplex in Prime Location. Located in the heart of historic Uxbridge, this beautifully renovated fourplex offers a rare turn-key investment opportunity with strong income potential. The property features four fully self-contained units, three spac...ious 2-bedroom suites and one well-appointed 1-bedroom unit, each with its own private entrance, full 4-piece bathroom, kitchen, and living area. All units are separately metered for hydro, adding convenience for both landlord and tenants. Recent renovations throughout the building ensure modern comfort while preserving the charm and character of the original structure. A detached garage provides additional rental income, and the property includes seven dedicated parking spaces for tenants' convenience. With low maintenance costs and minimal upkeep required, this property is both an efficient and attractive long-term hold. Currently generating a solid net income with a cap rate of 5.88%and the potential for even greater returns through expense optimization and rent increases on the under-market unit, this property presents a strong cash flow opportunity. Appliances include 4 fridges, 4 stoves, and 2 owned hot water tanks. Just steps from local shops, schools, and Elgin Park, the location is ideal for tenants and offers consistent rental demand. Financial statements are available upon request. This is a must-see for both experienced investors and newcomers seeking a stable, income-generating asset in one of Durham Region's most desirable towns. Great Investment! 5.88% Cap, potential to increase Net Income two ways. Financials Available Upon Request. Unit 3 now vacant as of Sept 1st. If owner does their own snow removal net income will increase and cap rate would be 6.61%. Call or email for financials.
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Courtesy of: SUTTON GROUP-HERITAGE REALTY INC.